Home | National Mortgage News
Housing starts ease on decline in multifamily construction. Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Friday, after a big rebound in August. The presidential race has raised the stakes for housing.
2021's Top Producers, Nos. 1-50 - National Mortgage News
Apr 12, 2021 · For the first time in the 23-year history of National Mortgage News' survey, there is a billion dollar producer at the top of the list. Christopher Gallo, a senior loan officer at NJ Lenders Corp. in Ho-Ho-Kus, N.J., logged slightly under $1.02 billion in loan volume for 2020.
National Mortgage News Magazine
Jan 23, 2024 · Risk Assessment for a New Era. From the challenges of underwriting today’s unconventional borrowers to “credit washing” schemes, to security exposures in the latest technologies, weighing the potential hazards ahead has never been more important for mortgage lenders. May 16. Magazine Issue Year 2022.
20 banks with the most mortgage origination volume in Q4
Feb 27, 2024 · Scroll through to see which residential lenders are in the top 20 and how they fared through the end of December 2023. NMN Staff. Originations Industry News. The top five lenders — JPMorgan Chase, US Bank, Flagstar Bank, Truist Bank and Goldman Sachs — have an average mortgage origination volume of more than $7.4 billion.
Mortgage industry prepares to ride out troubles in 2023
Jan 5, 2023 · Riding out the storm: The mortgage industry prepares to navigate 2023. In a survey of 108 mortgage-industry professionals ranging from staff-level employees to the C-suite conducted in October by Arizent, the parent company of National Mortgage News, respondents said inflation and economic concerns continue to weigh on the minds of many.
Best Mortgage Companies to Work For 2024
Mar 4, 2024 · Spring EQ. Headquarters: Conshohocken, Pennsylvania. Number of employee s: 366. Website: mortgage.springeq.com. Besides great benefits, Spring EQ offers its employees a hybrid work structure, "and a set of values we all live by. All said, it's our culture that sets Spring EQ apart," the company said in a statement.
2021 mergers and acquisitions in the mortgage industry | National ...
Dec 26, 2021 · The $9.2 billion-asset Veritex said in a press release that it will pay $53.9 million in cash for a 49% stake in Thrive. The deal is expected to close in the middle of 2021. Thrive operates in several states, including Texas, Ohio, Colorado, Kentucky, North Carolina, Kansas, Virginia, Florida, Maryland and Indiana.
Opteon acquires its third U.S. home appraisal management firm
Jul 5, 2022 · Valucentric adopted the Opteon Appraisal name in February. "Northeastern Appraisal Associates Residential is comprised of an incredible team that will be able to implement our technology across the Northeastern U.S.," said Chris Knight, Group CEO of Opteon. In a separate transaction, two California-based escrow services companies are merging.
Refinances propel rebound in mortgage application volumes
Jul 17, 2024 · The Refinance Index leaped 15.2% week over week, while compared to the same survey period in 2023, it came in 37.3% higher. FHA refinance transactions rose by over 23% on a weekly basis, while VA-sponsored applications increased almost 40%. The share of total refinances relative to overall volume also grew to 38.8% from 34.9%.
Mortgages for new homes see summer resurgence
Aug 16, 2024 · Renewed interest in the new single-family residential market was "helped by sustained demand for new homes and declining mortgage rates," said Joel Kan, MBA vice president and deputy chief economist in a press release.